Bitcoin Surges Amid Fed Decision Countdown

Bitcoin (BTC) rallied past $84,000 as it benefited from a broader rally in risk assets and positive sentiment in the U.S. stock market. Analysts have noted the impressive upward momentum and the potential for a supportive Fed stance, including the possibility of pausing or ending the quantitative tightening program, which could improve liquidity. However, caution is advised as concerns over a possible correction in U.S. equities and global trade tensions remain. Joel Kruger from LMAX Group highlighted potential corrections based on the S&P 500 trends, while David Duong of Coinbase Institutional pointed out that the current conditions might bottom out, with prices potentially rising later in the year. Investors remain focused on this week’s FOMC meeting for further clues on future monetary policy.